In this position, Jim will assume a key leadership position for GLOBALFOUNDRIES as it completes its transformation into an independent, customer-focused, foundry company. Jim will drive the company’s customer acquisition strategy, through which GLOBALFOUNDRIES is engaging with a broader set of top-tier chip-makers around the world while continuing to develop advanced technologies with AMD.

Jim brings an impressive legacy of foundry sales and marketing experience to GLOBALFOUNDRIES as the former President of United Microelectronics Company (UMC) USA. While at UMC, Jim ramped sales and formed strategic customer partnerships. Most recently, Jim served as Chief Operating Officer of eSilicon, a leader in ASIC design and manufacturing services.

“The addition of Jim’s extensive foundry experience, on both the supplier and customer side of the business, underscores our commitment to building a world-class global foundry services provider,” said Doug Grose, CEO of GLOBALFOUNDRIES. “We recognize that in the foundry business the customer experience is the key to success. We want to become a seamless extension of our customers’ environments, providing secure capacity, advanced technology and world-class support through global operations that they come to view as their own.”

Earlier in his career, Jim spent 15 years with Cypress Semiconductor, rising through a variety of engineering, operations and management positions to the role of senior vice president. Jim holds a Bachelor’s of Science degree in Electrical Engineering from the University of Illinois and a Master’s of Business Administration from Southern Methodist University.

“GLOBALFOUNDRIES is entering the foundry market at the right time and with the right business model to change the landscape of the industry,” said Kupec. “More importantly, we’re entering the industry with the right mindset and resources. Our investments in leading edge technology and in supporting infrastructure will ensure the success of our customers.”

ABOUT GLOBALFOUNDRIES

GLOBALFOUNDRIES is the world’s first truly global leading-edge semiconductor manufacturing company. Launched in March 2009 through a partnership between AMD (NYSE: AMD) and the Advanced Technology Investment Company (ATIC), GLOBALFOUNDRIES provides a unique combination of leading-edge technology, manufacturing excellence and global operations. GLOBALFOUNDRIES is headquartered in Silicon Valley with facilities in Austin, Dresden and New York.

For more information on GLOBALFOUNDRIES, visit www.globalfoundries.com.

CAUTIONARY STATEMENT

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include, without limitation, statements regarding the company's current expectations, assumptions, assessments, anticipations, objectives, plans, hopes, beliefs, intentions or strategies regarding the future. These forward-looking statements therefore are subject to risks and uncertainties which could cause actual results to differ materially. Some factors which contribute to these risks and uncertainties include the economic conditions both in the United States and around the world; the difficulties in developing new customers; the demand and supply outlook in the overall semiconductor / foundry industry; the sourcing strategy of potential customer base; competitor actions; the success of company technology alliances; construction progress on additional manufacturing facilities as well as associated governmental processes; the availability of components and equipment; labor and employment issues at manufacturing facilities; the progression of advances in technology and processes; and unforeseen events. The company has no duty to update any forward-looking statements in this release based on new information or events.

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